Paramount Skydance is seeking a trial in November on the state attorneys general effort to block its planned $110 billion purchase of Warner Bros. Discovery, while the states want a hearing in April. Paramount proposed a trial before US District Judge Araceli Martínez-Olguín to begin on November 4, whereas the states requested an April 5 hearing, according to a court filing. California led a group of 12 states in a lawsuit earlier this month to challenge the mega media deal. Paramount last Friday announced it will delay the acquisition until five days after a final court decision or June 2027, whichever comes first, triggering a ticking fee of $0.25 per share, or $650 million per quarter, payable to Warner Bros. shareholders. Paramount called the states' request a stonewalling tactic and said a November trial date is sufficient for both sides to prepare.
Paramount Skydance Corporation Class B Common StockStates' lawsuit seeks to block the merger, delaying it and incurring ticking fees.
Warner Bros Discovery IncStates' lawsuit challenges the merger, causing delay and ticking fees payable to Warner Bros. shareholders.